Qurate Retail Q2 revenue down 7%; GAAP EPS $0.28, adjusted EPS $(0.03)

QVC Group, Inc.

2023-Q2 EPS reported $0.33 revenue$5,293,000,000

Revenue (ex-Zulily) $2.5B, down 7% YoY; total revenue $2.649B down 10%.
QxH revenue fell 8% to $1.618B; adjusted OIBDA margin fell 180bps to 11.4%.
QVC International constant-currency revenue down 3%; adjusted OIBDA margin fell 220bps.
Received final $225M insurance proceeds for Rocky Mount fire, total $660M.
Divested Zulily on May 24; repaid $192M of near-term QVC debt; settled $94M debentures.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QVC Group, Inc. reported the quarter ended June 30, 2023 results: revenue $2.5 billion, net income $107 million, EPS $0.28.

Period: the quarter ended June 30, 2023
Revenue: $2.5 billion
Net income: $107 million
EPS: $0.28
Result: reported results

Exact text from the filing

of 2023. We believe we are on track to achieve our Project Athens objectives through 2024.” Second quarter 2023 operating results: ● Qurate Retail revenue (2) decreased 7% to $2.5 billion o In constant currency (3) revenue (2) decreased 7% ● Qurate Retail reported diluted EPS of $0.28 o Adjusted diluted EPS (4) of $(0.03) ● QxH revenue decreased 8% ● QVC

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

QVC Group, Inc. filing history →

Source: SEC EDGAR

accession 0001355096-23-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.